Eureka Forbes Ltd enhances its manufacturing capability with a strategic partnership with Dixon Technologies (India) Ltd

Eureka Forbes Limited ("Eureka"), one of India's leading health and hygiene brands, is proud to announce its strategic partnership with Dixon Technologies (India) Limited (DTIL), a leader in electronic manufacturing services (EMS).

This collaboration marks an important step in expanding Eureka's vacuum cleaners portfolio by assembly/manufacture & supply of robotic vacuum cleaners, reinforcing its position as a trusted name in Indian households.

Under this partnership, DTIL will produce a range of robotic vacuum cleaners for Eureka leveraging its cutting-edge facilities and extensive manufacturing expertise. DTIL's ISOcertified plants will ensure that Eureka's robotic vacuum cleaners meets rigorous standards of durability, quality, and innovation. This collaboration aligns with Eureka's vision of delivering value-driven, high-performing products that cater to the evolving needs of Indian consumers.

Dixon Technologies (India) Limited is the largest* home grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India. Their diversified product portfolio includes (i) Consumer electronics like LED TVs; (ii) Home appliances like washing machines; (iii) Lighting products like LED bulbs and tube lights, down lighters; (iv) Mobile phones; and (v) Wearables and Hearables(vi) Refrigerators (vii) Telecom and IT Hardware products. Dixon also provides solutions in reverse logistics i.e. repair and refurbishment services of LED TV panels. The Company is renowned for its high-quality standards, ethical business practices and commitment, making it a preferred partner across various industry verticals.

*Source: Project Rise: Indian Consumer Electronics & Appliances Market Study, issued by Frost & Sullivan India Private Limited.

Through this collaboration, Eureka aims to further elevate its product offerings, strengthen its presence in the robotic Vacuum market, and continue its mission to become a household name across India.

Shares of Eureka Forbes Ltd was last trading in BSE at Rs. 588.55 as compared to the previous close of Rs. 591.00. The total number of shares traded during the day was 5732 in over 544 trades.

The stock hit an intraday high of Rs. 605.00 and intraday low of 585.00. The net turnover during the day was Rs. 3419826.00.

Source : Equity Bulls

Keywords

EurekaForbes INE0KCE01017 HouseholdAppliances StrategicPartnership DixonTechnologiesIndia